Morgan Stanley — 2027 Investment Banking Off-Cycle Internship (London)

Summer Internship · Investment Banking

No longer on Morgan Stanley's careers feed

We last saw this listing on 18 October 2026, which usually means applications have closed. It is kept here as a record of what the role asked for and when it ran. For something you can still apply to, the open roles are further down.

Status

Listed

Location

London

Level

Internship

Deadline

Not published

Details below are the listing as it last appeared, on 18 October 2026. They are not being updated.

How this fits your target

Seat. Investment Banking
Region. UK
Level. Internship
Timing. No closing date published; the firm decides when it closes.
Eligibility. Programmes of this type are usually aimed at penultimate year (graduating 2028).

Read from the listing and your target, nothing inferred beyond them. The employer's wording on the listing decides eligibility.

Key details

Deadline: Not published by the firm; treat the role as rolling and apply early.

Apply on Morgan Stanley's site

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One email the day a Morgan Stanley programme opens on its careers site, with the preparation to start on. Free, for up to 10 firms.

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How to prepare for this one

Internship processes at this level test technical fundamentals, structured communication and firm-specific motivation.

Lev sits on a three-legged stool whose legs are marked technicals, structure and why this firm. The last leg is short, leaving a gap marked the gap, and the stool is tipping. — Three legs are tested. The strongest two do not hold up the stool on their own.

Practise it, don't just read it

Free, no sign-up, and short enough to finish before you submit.

WACC Builder12 minBuild a discount rate from its parts. Adjusted beta through unlever and relever, live equity risk premiums, three routes to a cost of debt.DCF Builder15 minBuild a discounted cash flow valuation from its drivers. Five years of unlevered free cash flow, terminal value two ways, discounting, enterprise value, the bridge to equity and an implied share price, each step checked.

Build the model this seat is tested on

A working Excel model with live formulas. Work with it online free: change the inputs and watch it recalculate. A free account also takes the starter workbook to build yourself.

Integrated three-statement model45 minThe operating model everything else sits on Discounted cash flow model40 minUnlevered free cash flow to a share price

Browse all 22 models

Walk in with something

Each of these produces a piece of work an interviewer at Morgan Stanley can ask you about. Free to run as a preview; Pro runs the full version on the stronger engine.

Company ProfileFreeCompany one-pager (profile page inputs)About 25 min of your time Meeting PrepFreeMeeting brief: company, people, agenda, questionsAbout 30 min of your time Comps Set BuilderFreeComps universe table + inclusion rationaleAbout 30 min of your time

Tracking history

First seen: 18 September 2026
On the tracker: Tracked for 4 weeks
Last checked: 18 October 2026

Dates describe when we saw the listing on Morgan Stanley's careers feed, not when the firm opened or closed applications. The firm's own page is the authority on both.

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Get told when Morgan Stanley opens its next summer internship

This window has closed. Programmes like this usually return each cycle, and the opening date is the one employers publish late or not at all. Leave your email and we will tell you when Morgan Stanley’s next one is live, with the other Investment Banking programmes opening around it.

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Before you send it

Morgan Stanley screens on the document, not the intention. Suro reads your CV the way the screener will and writes back in the margin: structure, whether the bullets carry evidence, and whether it survives the parser. Back within 48 hours.

CV review, $25

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